Custodial Responsibilities. (a) Each Custodian shall provide access to the Mortgage Loan Documents in possession of the applicable Custodian regarding the related Mortgage Loans and REO Property and the servicing thereof to the Trustee, the Certificateholders, the FDIC, and the supervisory agents and examiners of the FDIC, such access being afforded only upon reasonable prior written request and during normal business hours at the office of the applicable Custodian. Each Custodian shall allow representatives of the above entities to photocopy any of the records and documentation and shall provide equipment for that purpose at the expense of the person requesting such access.
(b) Each Custodian may resign from its obligations hereunder upon 60 days' prior written notice to the Trustee, the Depositor, the Securities Administrator and the Servicers. Such resignation shall take effect upon (i) the appointment of a successor Custodian reasonably acceptable to the Depositor within such 60 day period; and (ii) delivery of all Mortgage Loan Files to the successor Custodian. The Trustee shall have the right, but not the obligation, to become the successor Custodian. If no successor Custodian is appointed within 60 days after written notice of such Custxxxxx'x xesignation is received by the Trustee, the applicable Custxxxxx xxx petition a court of competent jurisdiction to appoint a successor Custodian. Upon such resignation and appointment of succesxxx Xxxxxdian, the applicable Custodian shall, at such Custodian's expense, xxxxxxxx transfer to the successor Custodian, as directed in writing by the Trustee, all applicable Mortgage Files being administered under this Agreement. Notwithstanding the foregoing, the Trust Fund, not the applicable Custodian, shall bear the costs relating to the transfer of Mortgage Files if such Custodian shall resign with cause (including such Custodian's resignation due to the failure of such Custodian to be paid xxx xxxx due to such Custodian hereunder).
(c) For so long as reports are required to be filed with the Commission under the Exchange Act with respect to the Trust, each Custodian shall not utilize any Subcontractor for the performance of its duties hereunder if such Subcontractor would be "participating in the servicing function" within the meaning of Item 1122 of Regulation AB without the prior written consent of the Depositor, in its sole discretion.
(d) Each Custodian shall indemnify the Depositor, the Sponsor, the Securities Administrator and any dir...
Custodial Responsibilities. Section 8.15
Custodial Responsibilities. 78 Section 8.03 Certain Matters Affecting the Trustee and the Custodians......78 Section 8.04 Trustee and Custodians Not Liable for Certificates or Mortgage Loans..............................................................80 Section 8.05 Trustee May Own Certificates..................................81 Section 8.06 Trustee's Fees and Expenses...................................81 Section 8.07 Eligibility Requirements for the Trustee......................82 Section 8.08 Resignation and Removal of the Trustee........................82 Section 8.09
Custodial Responsibilities. Each Custodian shall provide access to the Mortgage Loan documents in possession of the Custodian regarding the related Mortgage Loans and REO Property and the servicing thereof to the Trustee, the Certificateholders, the FDIC, and the supervisory agents and examiners of the FDIC, such access being afforded only upon reasonable prior written request (but in no event less than 48 hours) and during normal business hours at the office of the Custodian. Each Custodian shall allow representatives of the above entities to photocopy any of the records and documentation and shall provide equipment for that purpose at the expense of the person requesting such access. Upon receipt of a written request by a Servicer in a form acceptable to the applicable Custodian, the Custodian shall release within five Business Days the related Mortgage File to the Servicer and the Trustee shall execute and deliver to the Servicer, without recourse, a request for reconveyance, deed of reconveyance or release or satisfaction of mortgage or such instrument releasing the lien of the Mortgage (furnished by such Servicer), together with the Mortgage Note.
Custodial Responsibilities. Each Custodian shall provide access to the Mortgage Loan documents in possession of the Custodian regarding the related Mortgage Loans and REO Property and the servicing thereof to the Trustee, the Certificateholders, the FDIC, and the supervisory agents and examiners of the FDIC, such access being afforded only upon reasonable prior written request and during normal business hours at the office of the Custodian. Each Custodian shall allow representatives of the above entities to photocopy any of the records and documentation and shall provide equipment for that purpose at the expense of the person requesting such access. Upon receipt of a written request by a Servicer in a form acceptable to the applicable Custodian, the Custodian shall release within five Business Days the related Mortgage File to the Servicer and execute and deliver to the Servicer, without recourse, a request for reconveyance, deed of reconveyance or release or satisfaction of mortgage or such instrument releasing the lien of the Mortgage (furnished by such Servicer), together with the Mortgage Note.
Custodial Responsibilities. If, in the performance of services under this contract, you assume custody of official funds and/or take title to property of any nature whatsoever and wherever located, which property has been purchased with monies of the US Government, you hereby recognize and acknowledge the existence of a trust relationship, either expressed or implied, and agree to execute such documents as may be required by the US Government to evidence this relationship.
Custodial Responsibilities. MOHELA shall act as custodian and bailee with respect to all original documents and shall hold them subject to the lien of the Indenture in favor of the Lenders and under the Agreement between the Safe Deposit Company and Missouri Higher Education Loan Authority dated November 19, 1992, attached as Schedule C.
Custodial Responsibilities. Section 8.15. Limitations on Custodial Responsibilities...............................................
Custodial Responsibilities. Section 8.03 Certain Matters Affecting the Trustee....................... Section 8.04 Trustee Not Liable for Certificates or Mortgage Loans....
Custodial Responsibilities.
a) The Custodian shall be allocated 8 hours per day at his/her regular straight time rate of pay to complete both custodial and additional worksite duties. Additional hours shall be paid as per 25.01.
b) The Assistant Custodian shall be allocated a minimum of 5 hours a day at his/her regular straight time rate of pay to complete custodial duties. Hours in excess of 40 hours per week shall be paid as per Article 25.01
c) The practice with regard to overtime and lieu time in place on September 1, 2015 used to access to additional hours for the completion of custodial and/or additional worksite duties shall continue.
d) The hours during holiday periods like Christmas vacation, March Break, and July and August that are above those listed in 34.00 (a) and (b) above shall be offered to custodial staff in order of seniority before these additional hours are offered to individuals from outside the bargaining unit.
e) Should there be an increase in the size of the physical plant and/or should there be a desire to assign additional responsibilities to the custodian or assistant custodian, the Parties shall meet to negotiate the additional responsibilities and/or increase in hours. If the Parties are unable to reach an agreement, then the matter shall be referred to an arbitrator agreed upon by the Parties for a final decision.
